Mohammed Grimeh is rapidly expanding his macro team at Point72 Asset Management, tripling the number of portfolio managers to more than 30, with plans to bring on more.
Grimeh, who has been on a hiring spree since joining the firm in February 2020, has snapped up nine new portfolio managers so far this year, according to a person familiar with the matter. Three of them hail from rivals Citadel and ExodusPoint Capital Management and two come from Goldman Sachs Group Inc.
A spokeswoman for Steve Cohen’s Point72, which managed $22.1 billion as of April 1, declined to comment.
One of the new hires will work from the firm’s new office in West Palm Beach, Florida, which opened this month and can accommodate at least 20 people. Point72’s Miami office, with room for at least 25 employees, is expected to open later this year, the person said…….
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